these two thing will coincide to basically push the u.s. economy into a recession unless congress does something about it. >> so remember that game on "the price is right" when the contestant had to avoid the guy going over the cliff, cue up the music, folks. going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well